Libya Food and Drink Report - Business Monitor International - Industry Reports

Libya Food and Drink Report

Libya Food and Drink Report - Business Monitor International - Industry Reports
Libya Food and Drink Report
Published Aug 13, 2016
50 pages — Published Aug 13, 2016
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Abstract:

Libya s problems go beyond the dire security situation. There is almost a complete absence of infrastructure and, while the oil sector has shown some reliance despite the wider operating environment, the potential for other sectors is virtually nil given a lack of institutional framework. ...The country currently has two opposing governments and parliaments. The internationally recognised cabinet of Prime Minister Abdullah al-Thinni and the House of Representatives (HoR) - a largely anti-Islamist legislature elected in a general vote in June ---- - is currently based in the city of Tobruk in eastern Libya, -,--- km to the east of Tripoli. The rival parliament in Tripoli is based on the previous General National Congress (GNC) and was proclaimed by Islamist militias which did not recognise the result of June s vote and took over the capital. ...Moreover, non-security aspects of the country s business environment remain poor. According to the World Economic Forum s --------- Global Competitiveness Report, Libya scores among the worst in the world when it comes to measures such as financial market development and market efficiency, which incorporates

...Libya s economy will take almost a decade to return to ---- levels as there is little prospect for an improvement in the security situation. Economic growth will continue to be highly volatile and almost solely dependent on oil production, given the overwhelming dominance of the hydrocarbons sector in the economy (oil accounts for approximately -- of fiscal revenues and -- of export revenues). ...Libya s economy will take almost a decade to return to ---- levels as there is little prospect for an improvement in the security situation. Economic growth will continue to be highly volatile and almost solely dependent on oil production, given the overwhelming dominance of the hydrocarbons sector in the economy (oil accounts for approximately -- of fiscal revenues and -- of export revenues). While oil output has fluctuated significantly, sustainable growth will be limited by the absence of stability or central government control, which we do not expect anytime soon (see No Resolution To Crisis , April --). Libya s contracted economy compared with pre-crisis levels will ensure that unemployment levels remain elevated, while the great majority of investors will avoid re-entering the country as long as political violence stays high. The ongoing security crisis in Libya will result in sharp losses for the Libyan dinar; we believe that the monetary authorities will be forced to devalue the currency significantly over the coming quarters as reserves are falling at an alarming rate.

...North Africa has a favourable demographic and socio-economic profile, with already large and growing population numbers increasingly concentrated in urban centres. The share of food in terms of total household expenditure will remain at a high level for the foreseeable future. ...

  
Source:
Document ID
2049-0259
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Libya Food and Drink Report" Aug 13, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Libya-Food-and-Drink-Report-2026-1417>
  
APA:
Business Monitor International - Industry Reports. (2016). Libya Food and Drink Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Libya-Food-and-Drink-Report-2026-1417>
  
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